Princeton-based Edison Partners on Wednesday announced Michael Dirla has been elevated from senior associate to vice president.
In his new role, Dirla will work more closely with Edison Partners’ portfolio companies, while also expanding his role in identifying and evaluating potential investments in Financial Technology and Enterprise Solutions.
Since joining Edison Partners in 2021, Dirla has become an invaluable part of the firm’s efforts to invest in and build companies in the Financial Technology and Enterprise Solutions sectors. He played a key role in the Edison Partners-led $25 million growth investment in TakeCommand, an individual health care benefits platform for small and midmarket employers, and in Solutions By Text’s recent $110 million investment and recapitalization co-led by Edison and StepStone Group.
“Over the last three years, the Edison Partners team has come to know Michael as talented and tireless in deal execution, with a keen eye for detail and a shrewd understanding of diligence, value creation and partnering with portfolio companies,” Chris Sugden, managing partner, said. “In addition, he is a consistent source of positive energy and has played an invaluable role in shaping and magnifying our team-oriented culture. We look forward to his ongoing contributions for our firm and our portfolio companies as he continues his professional journey as a vice president.”
Prior to Edison, Dirla previously served as an associate at private equity firm Lightyear Capital, focusing on the financial services industry. He began his career as an investment banking analyst at Credit Suisse, where he worked on a wide variety of buy-side and sell-side transactions for insurance and asset management clients.
“Three years after arriving at Edison Partners, I am more excited than ever about the companies we serve, the industries we focus on and the position we occupy in the growth equity space,” Dirla said. “I am also deeply grateful for the opportunity to continue to advance my career at a firm that has become home for me. The Edison team is passionate about partnership, internally and with our portfolio companies. I am eager to take on a greater role in growing our firm and empowering our portfolio companies to fulfill their goals.”
Dirla’s promotion comes on the heels of Edison’s announcement about opening its new Nashville, Tennessee, office, giving the firm a footprint in the rapidly growing technology industry in the Southeast.
